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O3 Mining intersects 17.8 grams per ton gold at its East Cadillac property in the Abitibi region of Quebec

The drill results came from the North Contact zone along the Cadillac Larder-Lake fault on the property, where O3 has drilled 15 holes for 6,300 metres

O3 Mining Inc -
Another hole intersected 1.7 grams per ton gold over 10.3 metres

O3 Mining Inc (CVE:OIII) has revealed new drill results of up to 17.8 grams per ton gold over 1 metre at its East Cadillac property in Val d’Or, Quebec.

The drill results came from the North Contact zone along the Cadillac Larder-Lake fault on the property, where O3 has drilled 15 holes for 6,300 metres as part of a larger 150,000-metre drill program on the firm's Quebec portfolio.

Thursday’s results follow earlier intersections that returned 3.1 g/t gold over 7 metres including 4.6 g/t over 2.9 metres from a winter drill campaign at the beginning of the year. All drill holes intersected the North Contact structure, demonstrating its continuity over 700 metres laterally and 500 metres vertically, the group said.

READ: O3 Mining poised for follow-up work at Nordeau East and West at East Cadillac property after latest drill assays

Another hole intersected 1.7 grams per ton (g/t) gold over 10.3 metres.

“The most recent drilling along the North Contact zone has exceeded our expectations and provide a solid foundation for our next winter campaign,” O3 CEO Jose Vizquerra said in a statement.

“Results from the North Contact demonstrate the strength and thickness of the mineralized envelope and potential for growth along with the 6-kilometre-wide structure on our East Cadillac property.”

Assay results are pending for an additional eight drill holes, the Toronto-based firm told shareholders.

Drilling at North Contact will continue in the winter once the ground has frozen and will focus on the eastern extension of the zone, with higher gold grades expected as it approaches a major structure to the east, according to the company.

East Cadillac is part of O3’s Cadillac Break properties in the Abitibi Greenstone belt of Quebec, which has produced 100 million ounces of gold since the early 1900s.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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